The sale of radio masts should help the Spanish telecommunications group Telefonica to reduce debt. The Telefonica division Telxius will be scarce due to the sale of 31. 000 radio masts in Spain , Germany and South America to the US group American Tower Corporation (ATC) take 7.7 billion euros, Telefonica announced on Wednesday in Madrid.

Last summer, the German Telefonica subsidiary said goodbye to its radio towers and sold them to Telxius. In addition, the mobile phone provider had already given Telxius 2350 free-standing mobile phone masts a few years ago and thus earned just under 590 million euros.

Money for 5G By selling transmitter masts, telecommunications companies can collect money, for example, for investments in the new, fast 5G mobile network. In view of the low interest rates, radio towers and mobile phone locations are considered an attractive investment for professional investors such as insurers and financial investors who are interested in a stable return on site rents.

Telefonica- Competitor Vodafone is planning an initial public offering of its radio tower division Vantage Towers. In addition, a listing of more than 68. 000 masts from nine countries will be listed on the Aimed at the Frankfurt Stock Exchange, it said. Deutsche Telekom incorporated its radio towers into its own company many years ago, but is still the sole owner.

(kbe)